Sarasota has year-end account balances of sales
revenue $822,958,
interest revenue $12,180,
cost of goods sold $509,030,
administrative expenses $183,720,
income tax expense $36,026, and dividends $18,372.
prepare the year-end closing entries.

(A)

income summary            728,776‬

  cost of goods sold                       509,030

  adminsitrative expenses               183,720

  income tax expense                       36,026

to record close of expense account

(B)

revenues     822,958

  income summary        822,958

to record close of revenues account

(C)

income summary  18,372

  dividends                            18,372

to record close of dividends account

(D)

income summary    75,810

  retained earnings             75,810

to record close of income summary to retained earnings

Explanation:

(A)

expenses normal balance is debit, to close them, we credit them

(B)

revenues normal balance is credit, to closethem, we debit it.

(C) dividends normal balance is debit, we credit in order to close it.

(D) to close incom summary we will calcualte their balance:

debit for 728,776

debit for    18,732

credit for                   822,598

balance                        18,372 credit

to close we will debit against retained earnings.

i would say a certificate of deposit, so you're not locked into a long term, and it has more security than a mutual fund.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: